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TIC will be transformed into a holding company with three affiliated companies.
TIC will be transformed into a holding company with three affiliated companies.

Reforms to Boost Iran’s Regional Telecoms Role

Reforms to Boost Iran’s Regional Telecoms Role

Telecommunications Infrastructure Company of Iran, a state-owned agency in charge of expanding the country’s telecoms industry, is to be reformed.
Affiliated to the Ministry of Communications and Information Technology, TIC is the exclusive provider of bandwidth to local companies.
According to Masoud Fattah, the ministry’s public relations director, TIC will be carved into three companies that will operate independently.
Fattah added that the operations of these companies will be coordinated by a holding company called National Telecommunications Company of Iran.
The official named the three affiliates to be International Data Transit, Research and Development Company and Governmental Infrastructure Development Company.
Based on a recent bill passed by the Iranian Parliament, TIC has been able to invest its revenues into expansion of services and the company has grown exponentially in recent years. According to Fattah, the abrupt growth had made the reform and division inevitable.
The official noted that the reforms will enable the ministry to offer a wider range of services and boost the national information network. He added that the reforms will enable Iran to play a stronger role in this sector.
“Iran acts as a data transaction hub in the region and the ministry is in charge of the operations,” he said.
Earlier on November 13, Minister of Communications and Information Technology Mahmoud Vaezi announced that since President Hassan Rouhani took office in 2013, “Iran’s share in the regional transactions has grown fivefold”.
According to the minister, currently 550 gigabytes of data per second are transited through Iran.
Vaezi also announced that Iran has been negotiating with neighboring countries to forge a data transit deal that will connect India to East European countries.

 

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